§243.10. Consultation.
12 C.F.R. § 243.10
Before issuing any notice of deficiencies under § 243.8(b), determining to impose requirements or restrictions under § 243.9(a), or issuing a divestiture order pursuant to § 243.9(c) with respect to a covered company that is likely to have a significant impact on a functionally regulated subsidiary or a depository institution subsidiary of the covered company, the Board—
Shall consult with each Council member that primarily supervises any such subsidiary; and
May consult with any other Federal, state, or foreign supervisor as the Board considers appropriate.
Notes, amendments, and revision history
Source
Source: 84 FR 59216, 59227, Nov. 1, 2019, unless otherwise noted.
Authority
Authority: 12 U.S.C. 5265.